It’s aggravating when a consumer fails to pay any open invoices. Because it necessitates the expenditure of both time and money for invoice collection, late payment of the receivables might occur for various reasons. As a result, was sind forderungen sending a straight final reminder with threat of legal action sample is not always the best option. First, examine the business partner more closely: is it a long-standing customer relationship with an A-customer who places many high-priced orders with you and is generally trustworthy?
Then keeping the customer’s claim meaning and responding to outstanding receivables in a customer-friendly manner are both in your best interests. For example, is it a new consumer you’re billing for the purchase? Have you been granted for collecting that you are unable to analyze properly? Then a timely reminder might be the best option.
How are outstanding receivables monitored correctly?
The outstanding receivables In Germany, the correct reminder and invoice collection procedure are strictly regulated. It starts with a reminder by email that a payment is due. As a rule, this part is taken over by the companies. Often Customer does not pay for services. With the help of a final reminder with threat of legal action sample sent in due time and the reference to the pending dunning procedure in the event of outstanding receivables, you as an entrepreneur fulfill your obligation and allow the customer to complete the contractual obligations. You may be able to charge a processing fee for this. Your lawyer can give you more information on this. If the reminder by email is not triumphant, i.e., the customer does not pay for services, it becomes more complicated.
A good reminder for what is a debt recovery is due here, associated with costs for you and the customer. What are receivables? It would help if you considered whether it makes sense to outsource these processes from your collecting company from this point on. Because if the customer does not pay craftsman invoice now either, you must seek extrajudicial dunning procedure expiration. That’s the only way you’ll get your money, no matter how unfortunate that is. A judicial dunning procedure has high hurdles in Germany, and you should entrust a lawyer with it to obtain a high degree of legal certainty. Our service, therefore, offers you a standardized procedure for recover with the help of which you get your money quickly, and the risks are entirely passed on to us.
Contact with the customer
What are receivables? If your accounting department has the necessary resources, we recommend calling us first to know what is a debt for recovery. A phone call is more personal than sending an email or a letter through the mail. In this case, the following applies: It is critical to plan ahead of time. At the interview, you should have the matching open invoices with the amount due and information on how long the open invoices have been past due.
What are receivables? If it turns out that your customer hasn’t paid the bill because he just forgot about it or it was misplaced, you can politely remind him of it. Send the invoice again if you’re unsure, and you should be able to count on the money as quickly as feasible.
Your customer may not have paid the bill due to notification of defects or other anomalies, such as the items not being in working order or the amount of the open invoices not matching the agreed pricing. This can also be swiftly clarified over the phone.
Initiation of debt collection
If you have not been able to contact your customer for what is a debt recover or if he refuses to pay despite repeated phone calls, the next step is to start the pre-court dunning procedure. If your customer has missed payment date, you can send a reminder by email at any moment. Payment requests are generally issued to the debtor in writing via registered mail.
A payment reminder by email does not yet include any reminder fees, which makes sense given no earlier phone contact was made for recover. If your debtor still does not respond or pay after that, you can email a second or third reminder.
Depending on the value of the debts and collecting the number of outstanding debts, waiting for payment might negatively influence your liquidity.
What are receivables? At the end of the commercial dunning procedure, it becomes evident whether the invoice collection was not made by mistake or whether your customer does not pay craftsman invoice because he is currently insolvent. In this instance, you may want to consider invoice collection in smaller amounts.
Judicial dunning procedure
If payments of debts are still not made, the next step is to file a court dunning petition. Please fill out a dunning form and submit it to the appropriate dunning court. The necessary collecting templates are available for download on the internet. The court verifies the application’s formality before sending the extrajudicial dunning procedure expiration to the customer.
Essentially, what are receivables? First, you should determine whether the judicial dunning procedure is appropriate in your situation for recover. This is dependent on how good your chances are of getting paid. Because the price and effort associated with court commercial dunning procedure should not be overlooked. Foreclosure or title monitoring are the last options for getting your money. During this time, the debtor’s ability to settle your outstanding debts is monitored for 30 years.
Conclusion
What are receivables? was sind forderungen? Before you contact your consumer for debt recovery, make sure that all of your processes have gone well on your end. Is it true that the bill was sent out? Is the invoice in your hands, and is the address on it correct? The next step is to contact us after you’ve answered these claim meaning.
